<h1>World Bank and India Sign $750M Deal to Support MSMEs Affected by COVID-19, Boost Jobs and Economic Recovery.</h1> The World Bank and the Government of India have signed a $750 million agreement for the MSME Emergency Response Programme to support micro, small, and medium enterprises (MSMEs) impacted by COVID-19. The initiative aims to provide liquidity and credit to approximately 1.5 million viable MSMEs, safeguarding jobs and promoting economic recovery. The program will enhance financial support through Non-Banking Financial Companies (NBFCs) and Small Finance Banks (SFBs), encourage fintech innovations, and improve access to formal credit channels. This agreement is part of a broader strategy to strengthen India's MSME sector and ensure the effective flow of government-injected liquidity.